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Symetra Life Ratings and Company Information
Best Insurance Reports: A
Url of page where rating was collected:
Best Rating: A.M. Best rating: A (excellent)
Standard & Poor's: A
Type of Insurance Company: Stock
Name of Parent Company:
First Symetra National Life Insurance Company of New York
Company History: Symetra was established in 1957 and in 1987 the company began to sell annuities through banks. In 2004 Symetra broke away from Berkshire Hathaway and White Mountains Insurance Group to become an independent company. By 2010 the company began to trade on the NYSE. In 2012 Symetra contributed to 400 charitable organizations. The Company now has 1,230 employees and serves over 1.7 million customers nationwide. Symetra is listed as one of the top 40 US life insurance companies based on admitted assets and one of the top 5 sellers of fixed deferred and fixed indexed annuities through banks.
Principle Sales Methods: Independent advisors, brokers, and agents.
Life Annuity Business: Symetra Life sells Term and Permanent Life insurance, plus Income, Fixed Indexed, Fixed Deferred and Variable Deferred Annuity Plans. Symetra Life Insurance Company was listed by the Ward Group as one of the Top 50 Life-Health companies in 2012.
Company Financial Status:
Ticker Symbol: SYA
Assets & Premiums: Assets: $31.9 billion
2014 Six Months Ended Premiums as of June 30: $308.5 million
Lines of Insurance:
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY